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  • #114,901
  • Oct 2, 2020 1:25pm Oct 2, 2020 1:25pm
Short @1.17139 SL: 1.179 TP: open

If today closes below 1.17340 I take it as a confirmation of bearish trend starting on weekly and monthly charts. I plan to keep it open till end of the month. First time trying a long term trade. Let’s see how it goes
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  • #114,902
  • Oct 2, 2020 1:37pm Oct 2, 2020 1:37pm
BE SMART.....SWIM AGAINST THE TIDE.
SELL EUR/USD 1.1718
TARGET 1.1613
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It's a big game.
  • #114,903
  • Oct 2, 2020 1:52pm Oct 2, 2020 1:52pm
Leaving trades open over the wknd is never a good idea.
  • #114,904
  • Oct 2, 2020 1:57pm Oct 2, 2020 1:57pm
Quoting klm1011
Leaving trades open over the wknd is never a good idea.
Never is a strong word.
  • #114,905
  • Oct 2, 2020 2:14pm Oct 2, 2020 2:14pm
Quoting samidhabri
{quote} Never is a strong word.
reason?
  • #114,906
  • Oct 2, 2020 3:10pm Oct 2, 2020 3:10pm
Lousy day this was
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  • #114,907
  • Oct 2, 2020 5:05pm Oct 2, 2020 5:05pm
Quoting klm1011
{quote} reason?
Because there are almost always exceptions. Leaving trades open over the weekend is often a bad idea not always.
  • #114,908
  • Oct 2, 2020 5:38pm Oct 2, 2020 5:38pm
Quoting samidhabri
{quote} Because there are almost always exceptions. Leaving trades open over the weekend is often a bad idea not always.
In the long run it's not healthy for an account due to the uncertainty that a wkend brings - which brings trading closer to gambling . But if anyone can demonstrate making bucks consistently then that would be the exception.
May the markets be with you.
  • #114,909
  • Oct 2, 2020 7:10pm Oct 2, 2020 7:10pm
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  • #114,910
  • Oct 3, 2020 3:41am Oct 3, 2020 3:41am
Someone seems to have had the agenda of not letting the dollar break out on Friday, so they had to buy the 3 breaks of 1.1705 with ever fading results
Price naturally wants to go lower

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  • #114,911
  • Oct 3, 2020 3:48am Oct 3, 2020 3:48am
H1 Status Update

Price was so hesitant on this NFP Friday (as anticipated) that I had to come up with this idea.. I think bulls are still not done yet..

  1. Potential Bearish Gartley: Price might shoot up again to complete the D leg of a potential Gartley. Target area would be roughly 1.1755.. Once price arrives there and if Gartley plays out we should then see a drop back towards my GREEN line, roughly at 1.1715/20 area.

I hope it helps.. Enjoy your weekends folks..

Stay Green

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Focus only on what truly matters!
  • #114,912
  • Oct 3, 2020 4:53am Oct 3, 2020 4:53am
Quoting Cornabu
{image}
...and here comes the DXY equivalent:
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  • #114,913
  • Oct 3, 2020 5:04am Oct 3, 2020 5:04am
I am new to trade and learning by myself instead of relying on others. This is what I expect from EURUSD on Monday.
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  • #114,914
  • Oct 3, 2020 6:53am Oct 3, 2020 6:53am
...
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  • #114,915
  • Edited 10:59am Oct 3, 2020 8:31am | Edited 10:59am
Quoting Ata-Turkoglu
roughly 1.1755..
I found this value as well, Would cross "my" trend channel D1, played support/resistance in the past... we never know to anything to 100%, but anyway an interesting value for Monday.
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  • #114,916
  • Oct 3, 2020 9:19am Oct 3, 2020 9:19am
On friday probably there were extraordinary levels of sell orders coming in which banks would have been buying and they kept coming.
Over the wkend bank ( who can see sl/tp) will pick a direction- price might start with a big gap on sunday opening.
  • #114,917
  • Oct 3, 2020 9:23am Oct 3, 2020 9:23am
The observation that my indicators didn't get scrambled by price on friday might mean a clean trend out when markets open.
  • #114,918
  • Oct 3, 2020 9:38am Oct 3, 2020 9:38am
Quoting ursinho4711
{quote} I found this values as well, Would cross "my" trend channel D1, played support/resistance in the past... we never know to anything to 100%, but anyway an interesting value for Monday. {image}
A 4hr close below 1.1742 after it reaches the 1.1755, has the best probability in confirmation. But it might not, if a gap below 1.17.

Let's see how it goes after LO.
  • #114,919
  • Oct 3, 2020 11:12pm Oct 3, 2020 11:12pm
Quoting belon
... {image}
It's been awhile bro... Welcome back
Risk comes from not knowing what to do
  • #114,920
  • Oct 4, 2020 12:42am Oct 4, 2020 12:42am
If care is not taking on the bulls side, I think we could see 1.14500 towards week's ending
Risk comes from not knowing what to do
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